Wave Analysis

During the previous week, Ripple bounced off from the upper trendline, headed to the lowerside and is still pretty much bearish. As we mentioned on our previous , as long as the price is contained within the falling channel, we expect a possible extension to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should first break below 0.4490 before a move further to the lower side is seen. If this is the case, then we'll wait for a break below 0.4134 to confirm that the price will continue lower.

Trade Recommendation.

Still short towards 0.4490

101% Double the volume